SEOUL - Grand Korea Leisure Co. (GKL) announced a significant financial turnaround for the year 2023, posting a net income of 43.8 billion won ($32.8 million), moving from a loss the prior year.
According to Yonhap News Agency, GKL's operating profit reached 51 billion won, compared to a loss of 13.9 billion won in the previous year. The annual revenue witnessed a substantial increase of 51.3 percent, totaling 396.7 billion won. This marks a notable recovery for the company, which had faced financial challenges in the preceding year.
SEOUL - GS Holdings has announced a significant decrease in its net income for the year 2023, marking a downturn in its financial performance.According to Yonhap News Agency, the net profit fell by 36.2 percent to 1.58 trillion won ($1.2 billion) from the previous year. Additionally, the operating income saw a decrease of 27.4 percent, amounting to 3.71 trillion won, with annual sales dropping 9.1 percent to 25.97 trillion won. This downturn reflects challenges faced by the company over the past year.